Sunstone Hotel Investors (NYSE:SHO) Given Hold (C-) Rating at Weiss Ratings

Key Points

• Sunstone Hotel Investors has been given a "hold (C-)" rating by Weiss Ratings, reflecting cautious sentiment from analysts regarding its stock performance.
• Various analysts have set differing price objectives for the stock, with Truist Financial lowering it from $11.00 to $10.00, while Evercore ISI raised it from $10.00 to $11.00.
• The company reported earnings of $0.28 per share, beating estimates, and had a revenue of $259.77 million for the quarter, indicating a 5% year-over-year growth.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report)'s stock had its "hold (c-)" rating restated by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on SHO. Truist Financial decreased their price objective on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. Evercore ISI increased their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a "hold" rating in a research report on Friday, October 3rd. Finally, Wall Street Zen cut shares of Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Sunstone Hotel Investors currently has an average rating of "Hold" and an average target price of $8.93.

Sunstone Hotel Investors Trading Down 0.3%

Shares of NYSE SHO opened at $9.12 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.73 and a current ratio of 2.73. Sunstone Hotel Investors has a 52-week low of $7.45 and a 52-week high of $12.41. The firm has a 50 day moving average price of $9.38 and a two-hundred day moving average price of $8.94. The stock has a market cap of $1.73 billion, a P/E ratio of 455.98, a price-to-earnings-growth ratio of 5.35 and a beta of 1.29.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. The firm had revenue of $259.77 million during the quarter, compared to analysts' expectations of $256.68 million. During the same period in the prior year, the company posted $0.28 EPS. The company's revenue was up 5.0% on a year-over-year basis. As a group, equities analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tributary Capital Management LLC boosted its holdings in Sunstone Hotel Investors by 92.4% during the third quarter. Tributary Capital Management LLC now owns 2,691,706 shares of the real estate investment trust's stock worth $25,221,000 after purchasing an additional 1,292,691 shares during the last quarter. SG Americas Securities LLC purchased a new position in Sunstone Hotel Investors during the third quarter worth about $844,000. CWM LLC boosted its holdings in Sunstone Hotel Investors by 21.7% during the third quarter. CWM LLC now owns 9,773 shares of the real estate investment trust's stock worth $92,000 after purchasing an additional 1,744 shares during the last quarter. Heritage Family Offices LLP boosted its holdings in Sunstone Hotel Investors by 29.0% during the third quarter. Heritage Family Offices LLP now owns 19,535 shares of the real estate investment trust's stock worth $183,000 after purchasing an additional 4,389 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Sunstone Hotel Investors during the second quarter worth about $1,997,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.

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